Property Summary: 22 Sandstone Place
Key Characteristics & Buyer Profile
This single-family home in Whyte Ridge offers a notably large lot paired with above-average living space, particularly when measured against citywide and neighbourhood benchmarks. With a land area of 11,156 sqft, it ranks in the top 4% citywide and top 3% within Whyte Ridge—an uncommon find in an established area. The home itself provides 1,793 sqft of living space, which is slightly below the street average but significantly above the city average. Built in 1987, it is older than the typical Whyte Ridge home but newer than the average home citywide. The assessed value of $640,000 aligns closely with other homes on Sandstone Place but sits well above neighbourhood and city medians, reflecting the premium attached to the larger property.
The appeal lies in the trade-off: an older home with solid bones on a generous, private lot in a family-oriented neighbourhood. This property would suit buyers who are less focused on a fully renovated interior and more interested in obtaining a large piece of land in a central, well-regarded suburb. It is a practical fit for homeowners who see potential for future updates, value outdoor space, or prefer the lower density and mature setting of Whyte Ridge over newer, tighter subdivisions. It is less suited to buyers seeking a turnkey home or a more contemporary layout without renovations.
Five Frequently Asked Questions
1. How does the property's size compare to other homes nearby?
On your street, this is one of the smaller houses by floor area (ranking 7th out of 8). But the lot is a standout—it's one of the larger ones in the neighbourhood and citywide. So you get more yard and privacy than most, in a house that's a bit more compact than immediate neighbours.
2. Is the assessed value a fair representation of the market value?
The assessment is useful for estimating property taxes, but market value can differ. At $640,000, this property is assessed near the street average but far above the neighbourhood median. Given the large lot and strong neighbourhood desirability, the market value may reflect a premium for the land itself, not necessarily the current condition of the house.
3. What is the condition of a home built in 1987?
Homes from the late 1980s typically have original mechanical systems (furnace, roof, windows) that may need updating if not already replaced. The floor plan often includes formal living and dining rooms rather than open-concept layouts. A home inspection and a check for past renovation permits are recommended to understand what has been updated.
4. Is Whyte Ridge a good neighbourhood for families?
Generally, yes. Whyte Ridge is known for its larger lots, mature trees, and access to parks and schools. It is a quieter, established suburb with a mix of long-term residents and new families. Commute access is reasonable via the Perimeter Highway and Bishop Grandin Boulevard. That said, amenities are not as walkable as in more central neighbourhoods; a car is nearly essential.
5. What should I consider before making an offer?
Look beyond the square footage. The land is the primary asset here. Consider your tolerance for renovations or updates, the cost of any necessary replacements, and whether the floor plan works for your lifestyle. Also, review comparable sales on similarly sized lots in the area, not just on Sandstone Place, to gauge what land values are doing in Whyte Ridge.